Fake “Certified” Gold Coins DISCOVERED at Coin Shop WOW

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Silver Dragons

Silver Dragons

Жыл бұрын

this video I show off some FAKE GOLD COINS that were discovered at Harry's coin shop. Someone brought in fake slabbed gold coins and tried to sell them to the shop. The fake gold coins appeared to be certified and were even in NGC holders. The holders were fake along with the coins. Fake gold and fake silver scams are becoming more prevalent. If you want to avoid getting scammed then you need to be checking all of your gold and silver for authenticity. There are many different types of fake gold coins out there such as fake gold buffalo coins, fake Krugerrand gold coins, fake gold eagle coins, and fake pre 33 gold coins like I show in the video. one easy fake gold coins test is to see if you coin is magnetic. Counterfeit gold coins can be made out of a variety of materials so they will not all be magnetic. Tungsten fake gold coins are the hardest to detect but they do exist. I hope this video was helpful feel free to watch my video on fake silver eagles as well:
Massive FAKE Silver Scam Operation - BUYER BEWARE
• Massive FAKE Silver Sc...
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Topics I cover in this video: fake gold coins, fake gold, fake slabbed gold coins, fake certified gold coins, fake gold coins in slabs, fake gold coins test, fake pre 33 gold coins, fake gold buffalo coin, fake krugerrand gold coins, counterfeit gold coins, counterfeit gold coin, counterfeit gold, fake gold eagle coins, tungsten fake gold coins, detecting fake gold coins, finding fake gold coins, spotting fake gold coins, how to spot fake gold coins, how to find fake gold coins, fake silver, gold scam, fake gold vs real gold, fake ngc slab, fake ngc slabs, fake ngc gold slab
#gold #goldcoins #silver

Пікірлер: 781
@SilverDragons47
@SilverDragons47 Жыл бұрын
Don’t forget to check out my video on FAKE Silver Eagles ➡️ kzbin.info/www/bejne/oYWbq3Sjhax8a6s in case anyone is wondering about the gold coins in this video: The person who brought in the fake gold coins let us film the video and then took them when he left. I have no idea where he got the coins from he said that he bought them private party and thought he could still get his money back. seems a little suspicious to me but who knows…
@davidstepro7486
@davidstepro7486 Жыл бұрын
yeah, why involve the police when it was only in the thousands of dollars.
@newt7590
@newt7590 Жыл бұрын
If all these gold and silver coins are so easily faked and hard to determine they’re fake, I’m not sure what the value is to them.
@tonynguyen9059
@tonynguyen9059 Жыл бұрын
Did they test it to see if it was at least Gold plated or was it completely fake like brass or copper mix?
@christophermaccarone3157
@christophermaccarone3157 Жыл бұрын
Thank you so much. You are an indispensable numismatic resource.
@randyzeitman1354
@randyzeitman1354 Жыл бұрын
Why not photograph them?
@williambush7971
@williambush7971 Жыл бұрын
If a dealer told me my coin was fake and tried to confiscate it there would be trouble. It would be to easy for a crooked dealer to say that about a good coin and keep it.
@WorldMoneyWins
@WorldMoneyWins Жыл бұрын
Thats why offering to call the police would be handy. Counterfeiting US currency is a felony. A dealer NOT calling the police is then an accessory to a felony. (I think)
@SilverDragons47
@SilverDragons47 Жыл бұрын
yeah I could really see it either way but having the police there would be handy I imagine 🔥🐉
@watthaile2053
@watthaile2053 Жыл бұрын
Exactly. That wouldn't happen. Try to keep my coins and I'd be the one calling the police.
@donavonrobbins1908
@donavonrobbins1908 Жыл бұрын
So the dealer has to weigh either screwing the community by keeping his mouth shut, which seems to be occurring in the video, or calling the police anyway and then potentially getting video of you in the store and video of your car in the lot. Then when they find you, you having to convince them that you weren't intentionally trying to defraud that dealer. If I were the investigator, I would also take your picture to other dealers to find out if they e had any run ins with you. Or, just stay and cooperate and maybe even get help locating the person who sold you the bad coins.
@Demy1970
@Demy1970 Жыл бұрын
Break the holder and screw it
@justdoingitjim7095
@justdoingitjim7095 Жыл бұрын
I used to work with a guy who would buy silver coins from eBay. I asked him if he ever got any of them certified and he said no. I suggested some of them might be fake and this started him worrying. So, he sent in his most valuable coins for certification. Three of the ten coins he sent in were fake. He took the rest of his coins to a coin shop to get them tested and they found more fake coins. He quit buying from eBay and started buying only from the coin shop.
@jimmylieb5225
@jimmylieb5225 11 ай бұрын
I only buy from vendors like APMEX or JM Bullion.
@ChatsWithChris
@ChatsWithChris 7 ай бұрын
@@jimmylieb5225I only buy APMEX I don’t care if it’s pricy. I trust them more than anyone.
@SlumberBear2k
@SlumberBear2k 6 ай бұрын
@@jimmylieb5225 i'd be squeamish about some coin shops. they might not even be nefarious, but it could just be bad staff.
@afridgetoofar1818
@afridgetoofar1818 5 ай бұрын
There are very legit coin & bullion dealers on eBay. Just don’t buy from some random person.
@johnl9977
@johnl9977 5 ай бұрын
My dad bought a grip of $20 gold coins from a local shop, One time I was looking at a few and found a re-slabbed $20 PCGS MS64, it was a MS60 even to me who knows very little. Shop made good on it.
@tgraymk
@tgraymk Жыл бұрын
Confiscation seems a bit weird and not necessarily lawful. I'm not a coinshop owner, so maybe my ideas aren't the beat to go by, but at that point I'd offer a drill press test, or a call to authorities. I don't think I'd want to let an un-drilled counterfeit leave the shop, but I think taking possession of fake bullion is solely the right of the state.
@phlodel
@phlodel Жыл бұрын
If it was my coin, I'm keeping it. I'M pretty sure the coin shop owner has no legal right to confiscate or deface anything.
@tgraymk
@tgraymk Жыл бұрын
@@phlodel certainly true on the confiscate part, as for the defacing, the drill test is standard for detecting fakes, and it's better than having you name on a police report for trying to sell counterfeit bullion. I grew up in the Shore Points, lot of cash business there. Everybody gets stuck with a fake $20 bill in their life there. So I'm used to the idea on having to take an L over a counterfeit. Better than getting choked by a cop.
@blank1778
@blank1778 5 ай бұрын
@@tgraymkand drilling a hole does not devalue the gold at market value. Collectible wise yes.
@SanityTV_Last_Sane_Man_Alive
@SanityTV_Last_Sane_Man_Alive 2 ай бұрын
bullion cant be fake... the stamping can. And because the coins are made of a valuable material, its still robbery to "confiscate them" thats only for paper money.
@wanderlustandsparkle4395
@wanderlustandsparkle4395 Ай бұрын
​@SanityTV_Last_Sane_Man_Alive They can't be fake. Are you serious 🤣 yes they can have you, not heard of China.
@georgewashington938
@georgewashington938 8 ай бұрын
my initial thoughts about the holders and certified coins... ironically, a sealed holder prevents you from touching and physically evaluating the coin, which might actually make it more difficult to identify fakes
@Bubba603
@Bubba603 Жыл бұрын
Love when you’re at Harry’s coin shop!!
@SilverDragons47
@SilverDragons47 Жыл бұрын
me as well! 🔥🐉
@eprofessio
@eprofessio 10 ай бұрын
Coin dealer says don’t get a second opinion. Sounds legitimate to me.
@glockumollie1230
@glockumollie1230 Жыл бұрын
Wished you would have given them the magnet test
@jamesmcbride5807
@jamesmcbride5807 8 ай бұрын
I appreciate your content here. The videos have helped me to be a more educated buyer. Fortunately most of the coins I have purchased are common not always silver or gold. I started with collecting WW l & WW ll coins not pristine just good details. Watching this channel and couple others for a little while now have helped me to keep from making spontaneous buys. Thanks for good content and keeping details simple enough for beginners like me.
@johngordon6526
@johngordon6526 11 ай бұрын
Got to say I've been having a blast watching this channel just now. (The Harry's one's so far). I have no want to collect coins or w/e, but it's really interesting content, glad you shared.
@youtoobe169
@youtoobe169 10 ай бұрын
Wow, this is eye opening. Thanks for posting!
@russelder9743
@russelder9743 Жыл бұрын
Its nice to hear that there are still nice people like Harry and Adrian ...real gentlemen
@SilverDragons47
@SilverDragons47 Жыл бұрын
yes for sure! 🔥🐉
@scott.c9587
@scott.c9587 2 ай бұрын
Love the video. But one question. I had an MS-70 silver eagle and reluctantly I had to take it to the coins shop to sell and they would only buy it for market value of the silver and not as a certified MS-70. They said it was because they certify lots of these. I was pissed at their reason. What do you think?
@neviswarren
@neviswarren 11 ай бұрын
Good video. Fakes like the ones shown have always worried me. I appreciate the information.
@stevenpike7857
@stevenpike7857 9 ай бұрын
"Just don't take it to another dealer and hope they won't catch it, that's bad etiquette." Is that man really that naive? They're criminals, they don't give af.
@ThePeacePlant
@ThePeacePlant 9 ай бұрын
He said it like that for the video. For KZbin audience
@Puddingskin01
@Puddingskin01 9 ай бұрын
@@ThePeacePlant Looking at some of the commenters on KZbin, I think they fall into the same category.
@SanityTV_Last_Sane_Man_Alive
@SanityTV_Last_Sane_Man_Alive 2 ай бұрын
criminals know its fake so they dont sell to experts. pls at least TRY to use your brain once in a while.
@edackley8595
@edackley8595 2 ай бұрын
Harry is a nice guy and just putting his best foot forward here. After a stout brandy snort, I'm sure he'd gladly tell you he'd kneecap any MFer with a bat trying to pass fakes in his store.
@ibberman
@ibberman 2 ай бұрын
I would certainly want a second opinion.
@Ontario100
@Ontario100 Жыл бұрын
Great Video. Protect yourself. So True. Lots of fake stuff out there. I appreciate seeing videos like these . It helps to train my "eye".
@painmt651
@painmt651 Жыл бұрын
Buying one fake gold coin is absolutely devastating for a new collector or stacker, but it can usually be avoided easily if you exercise some patience and common sense.
@JOSEPH-qo7fr
@JOSEPH-qo7fr Жыл бұрын
Thanks for another great video always watch you !!
@SilverDragons47
@SilverDragons47 Жыл бұрын
you are welcome thanks for watching! 🔥🐉
@infuglenn
@infuglenn Жыл бұрын
This looks like a great coin shop, unfortunately i can't visit but we need more of those!
@TuliTuli_
@TuliTuli_ Жыл бұрын
Great information for everyone to know.
@arronthomas68
@arronthomas68 Жыл бұрын
Harry is a great guy. I highly recommended him. I can personally attest to his honesty.
@SilverDragons47
@SilverDragons47 Жыл бұрын
yes indeed! 🔥🐉
@robroszk
@robroszk Жыл бұрын
The wisdom from the vids on counterfeits is priceless. Scary stuff and makes you want to spend the extra money to ensure you are getting the real deal from legitimate dealers.
@amaizenblue44
@amaizenblue44 Жыл бұрын
Was nice meeting you sir. Stage left unkempt nusmatist there for this show. Morgans and Washingtons out cause of me. Lol. Figure since I recognized you, I'd give my online persona to ya.
@bobsal5776
@bobsal5776 Жыл бұрын
Great video bro! Thanks for the heads up.
@ajmartineau8221
@ajmartineau8221 6 ай бұрын
I despise scumbags and scammers etc. Morals, values, integrity! Great job guys.
@MeatPuppet1962
@MeatPuppet1962 Жыл бұрын
I found jars of coins at an old farm. I've sold only a few over the years to a private collector that I trust. Cash only. There were gold and silver coins all pre 1930. I'm glad i just sat on them for my later years, I knew prices would go this high. I need not be in a hurry. Don't worry it was the family farm.
@johnr5252
@johnr5252 9 ай бұрын
Wonderful. The whole idea behind certification was to protect the hobby and help assure coins were genuine and identified correctly. Now we’ve got criminals passing off counterfeit certified coins!!!
@donnavorce8856
@donnavorce8856 5 ай бұрын
Anywhere there's cash to be scammed they'll eventually show up for a share of the spoils. Sad but true.
@auggieaxiom5726
@auggieaxiom5726 9 ай бұрын
when the store owner says buy the coin not the holder and the video maker goes on to talk more about the holder... GG
@itsonlyafl3shwound
@itsonlyafl3shwound Жыл бұрын
QUESTION // NEW SILVER EAGLE EDGE MISSING NOTCH, IS IT ALWAYS IN THE SAME SPOT OR DOES IT VARY DEPENDING ON THE MANUFACTURING MINT? I HAVE 2022 NEW DESIGN AND THE NOTCH IS BOTTOM LEFT NEAR THE SUN AND 2023 NEW DESIGN BUT THE NOTCH IS ON THE RIGHT SIDE HALF WAY UP AROUND THE MID SECTION?
@bouncerslabrealnature9143
@bouncerslabrealnature9143 2 ай бұрын
This is hilarious 😂😂🎉....I can't stop laughing at the fact that anyone who spends that kind of money on a coin didn't have a clue they were fake.
@lamarravery4094
@lamarravery4094 Жыл бұрын
That's why I don't like slabbed coins. Coins should be able to be touched. But I still think platinum is the way to go, due to the difficulty of counterfeting it.
@heeroru7781
@heeroru7781 Жыл бұрын
I love platinum. Weigh it, measure it, done.
@kbbpll7338
@kbbpll7338 Жыл бұрын
Another tip is to download a free QR reader and scan the barcode. Many of these fake labels are too poor to scan, or return info that doesn't match the cert and grade (counterfeiters are not just sleazy, they're lazy). One criticism - you emphasize "buy the coin, not the holder", but say nothing about how to identify that the coin is fake. Comparing the one with the NGC images was a perfect opportunity to note that the fake coin is clearly not the same coin NGC photographed, but all you focused on was that the slab style is wrong.
@nighttigercomics7323
@nighttigercomics7323 3 ай бұрын
Great video! Thank you for the education! I'm a big golden age comic book collector but it's fun to learn about other collectibles.
@woonsockettruthseeker9009
@woonsockettruthseeker9009 9 ай бұрын
Can you do a video on shopping channel silver coins? They had 300 yr old coins that looked like they were casted yesterday. They wanted $2000 a piece. Probably just 1 ounce of silver value
@davidponseigo8811
@davidponseigo8811 3 ай бұрын
I'm a 30 plus years law enforcement officer and I have worked at different times with the Secret Service on a few cases and a shop or merchant can confiscate fake currency but not fake coins. Fakes are only illegal if someone tries to pass them off as real.
@mikes9759
@mikes9759 Жыл бұрын
Refreshing to see Harry and Adrian. Their very personable, honest and friendly!! Wish I was closer and could visit their shop! I think if they told me my stuff was fake I would have to have them call the police. Would hurt, but you can't try to drop the problem on somebody else!! Like counterfeit bills, their going to confiscate them.
@MegaTapdog
@MegaTapdog 6 ай бұрын
this used to happen to us more frequently than you would think here in BC Canada with gold coins and bars, we used to have a pretty tight community here and would call at least 3 other shops and warn them and they would call three etc. I worked pretty well. Our friends in a neighbouring city were robbed, they called us in am and gave us a list and an hour later the thieves came in and tried to sell to us, we called rcmp and locked the door and they were arrested.
@thinkingimpaired5663
@thinkingimpaired5663 Жыл бұрын
I can visualize the parking lot beggars trying pawn off fake coins for money. Coin shops might consider taking pics of the fake coins and emailing the pics to other vendors.
@SilverDragons47
@SilverDragons47 Жыл бұрын
yeah not a bad idea really 🔥🐉
@thinkingimpaired5663
@thinkingimpaired5663 Жыл бұрын
@@SilverDragons47 last year I was approached by a family at night asking for gas. Even though I didn't give them money they wanted to give me a men's gold ring, which likely is fake. They said they couldn't wait till the banks opened the next morning. That was the first time I've experienced this type of con.
@PHUCKyoutube689
@PHUCKyoutube689 Жыл бұрын
​@@thinkingimpaired5663 Gypsies. This is an old scam that seems to be making a comeback.
@janwitts2688
@janwitts2688 Жыл бұрын
Every attempt to pass off a fake should be fully investigated...
@Sassyfrass955
@Sassyfrass955 Жыл бұрын
Wow.. What a shame so many evil scammers out there. Thats alot of money to lose. Id be so livid. Thank you, good tips.
@CatsMeowPaw
@CatsMeowPaw Жыл бұрын
The proliferation of ever increasing quality fake silver and gold coins is a real concern. I attend estate auctions and have to bring along my Sigma to test every coin, as so many are turning up now. Even if an NGC or PCGS holder looks legitimate I have to test the coin, as some fakes are sealed with a genuine hologram.
@ssr4656
@ssr4656 Жыл бұрын
Will the Sigma test in a holder?
@240dc
@240dc 9 ай бұрын
@@ssr4656 I was curious too, but after doing some quick searches it appears that the Sigma can indeed be used through plastic slabs and packaging.
@CatsMeowPaw
@CatsMeowPaw 8 ай бұрын
@@ssr4656 Yes, Sigmas test in a holder. The tester is not perfect and can give erroneous results, but it's a good backup.
@wirelessone2986
@wirelessone2986 2 ай бұрын
Which model of Sigma do you use and is it reliable and effective?
@MissTippiLu
@MissTippiLu Жыл бұрын
I came across a fake American Eagle coin this week at my local flea market. I explained how to test the coin with a magnet to one of the cashiers who was very surprised but I’m sure the manager knew it was fake. He saw me looking at it in the case and didn’t bother to come over to let me see it.
@SilverDragons47
@SilverDragons47 Жыл бұрын
sketch 🔥🐉
@tomhenry897
@tomhenry897 Жыл бұрын
Should report him
@edackley8595
@edackley8595 2 ай бұрын
Yes, at least mentioning something to the flea market operator was in order.
@militantpacifist4087
@militantpacifist4087 Жыл бұрын
Awesome and interesting video! Thanks!
@SilverDragons47
@SilverDragons47 Жыл бұрын
you are very welcome thanks for watching! 🔥🐉
@Bedsheet_Necktie
@Bedsheet_Necktie Жыл бұрын
Can the "Sigma Metalytics Precious Metal Verifier" work on coins that are encapsulated / sealed in holders? Just like watches..., if you have high enough value ex.(2023 American Eagle 1 oz. Gold), some ppl/companies would invest heavy in a quality fakes.
@BillGuyHawaii
@BillGuyHawaii Жыл бұрын
Thank you so much for information
@SilverDragons47
@SilverDragons47 Жыл бұрын
you are very welcome thanks for watching! 🔥🐉
@krazykobe8
@krazykobe8 Жыл бұрын
did these fail the sigma machine?
@WorldMoneyWins
@WorldMoneyWins Жыл бұрын
Ya, the Sigma would catch them easy. I've found a few myself on my Sigma Pro.
@SilverDragons47
@SilverDragons47 Жыл бұрын
yeah they would fail for sure 🔥🐉
@salcrochiola
@salcrochiola Жыл бұрын
This is scary. Thank you for the video!
@SilverDragons47
@SilverDragons47 Жыл бұрын
you are very welcome! 🔥🐉
@JewelryEnthusiast
@JewelryEnthusiast 8 ай бұрын
Wow, excellent video. Thanks for sharing!
@sanfranciscobay
@sanfranciscobay Жыл бұрын
Are Counterfeit Sigma Machines being sold?
@ferebeefamily
@ferebeefamily 11 ай бұрын
Thank you for the information.
@grumpygus81
@grumpygus81 Жыл бұрын
Being Canadian, I'm happy to stick with our Maples for smaller denomination stacking. They must be too difficult/costly to fake because I haven't heard of one yet...
@SilverDragons47
@SilverDragons47 Жыл бұрын
wait for my next video 😁
@Cat.54321
@Cat.54321 Жыл бұрын
Uh oh......
@Threedog1963
@Threedog1963 Жыл бұрын
Fake Silver Eagles are out there, why not Canadian Maples?
@brianrundle2875
@brianrundle2875 Жыл бұрын
How do you know as a collector that you dont have fake maple leafs.. You had to trust someone to buy it... even the Perth Mint in Australia has sold underweight gold coins..
@stunado
@stunado Жыл бұрын
Harry reminds me of the father from American Pie. 😂
@daesong1378
@daesong1378 Жыл бұрын
He reminds me of the old man from UP
@stunado
@stunado Жыл бұрын
Mr. Fredrickson!!!!
@joeblow8206
@joeblow8206 4 ай бұрын
Adrien could pass for my Mexican neighbors four year old son
@markedfortime
@markedfortime Жыл бұрын
Anyone buying PM's need to invest in a sigma metalytics, a coin pinger and a balance tool for gold oz coins and a pocket balance. The latter three can be carried in a pocket, but are not bullet proof. All of theses tools together get you to a very high confidence level. As long as you have a phone, you should scan and compare stabbed coins as an extra measure.
@WorldMoneyWins
@WorldMoneyWins Жыл бұрын
At least make a coin slide, and a pocket pinger along with the Sunshine lens. Much of the risk is gone when buying from a reputable dealer. It still happens though.
@SilverDragons47
@SilverDragons47 Жыл бұрын
experience is a great thing to have as well 🔥🐉
@dennisdragomir7572
@dennisdragomir7572 Жыл бұрын
they got the weight right, and the fake slides like real silver.. Passes sigma too, but bad portrait
@WorldMoneyWins
@WorldMoneyWins Жыл бұрын
@@dennisdragomir7572 WOW, those weren't able to be verified on the Sigma? Do you use the Pro version, or the base model?
@rickemmerich1
@rickemmerich1 Жыл бұрын
I agree, and for now I have one scan program on this phone. The whole thing cam to a head as I was standing chatting with old and new friends at the Organic Market here in Mexico. A local guy came up to me and asked if I wanted to buy a coin. I poked at it, thought OK, 1916, you have my attention. I assumed silver dollar, and about 90% silver, so I quickly offered 200 pesos, or about 9 bucks. The guy said “Give me 400.” I said “No” and turned to walk away. He said “OK” and I took the ‘risk.’ The scan said 16 dollars to 4800 or so. Upon digging at the NGC site (and taking a closer look to see it was NOT a dollar) I discovered it was a Barber Half, and the mint was SF. The price appears to be 570 or more. I will send it to NGC to get it authenticated.
@AnotherOverTaxedTaxPayer
@AnotherOverTaxedTaxPayer Жыл бұрын
So did the coinshop confiscate those coins....? Did they accidently buy them? How did they aquire them?
@b12y5e
@b12y5e Жыл бұрын
Study your coins folks, dont just buy and stack. Inspect them, double check them, get familiar with the fonts used. I can immediately see the wrong font on the 2023 ASE. Also, the 2 sunrays touch Liberty's dress/flag but on the newer type 2 reverse coins, the sunrays on the obverse only have 1 ray that touches the flag...small things like that should alert you about the coin you are inspecting.
@WorldMoneyWins
@WorldMoneyWins Жыл бұрын
Great advice.
@SilverDragons47
@SilverDragons47 Жыл бұрын
yes always trust but VERIFY 🔥🐉
@amaizenblue44
@amaizenblue44 Жыл бұрын
Not just coins. Anything collectible. I almost bought a replica antique phone for reasonable authentic price. Always Google when in an antique/vintage store. 😅
@WorldMoneyWins
@WorldMoneyWins Жыл бұрын
@@amaizenblue44 That's a great point.
@b12y5e
@b12y5e Жыл бұрын
@@amaizenblue44 excellent point!
@dennisrisenberg8966
@dennisrisenberg8966 4 ай бұрын
Such a good video, thank you!
@lacrosse2932
@lacrosse2932 3 ай бұрын
Having collected coins for 30 years, since I was 8, I've come to learn that unless you're buying and selling true rarities, coin collecting is nothing more than an expensive hobby and not an investment. I do have a few coins that have appreciated in value over 20 years, but not wildly so. If I had invested that same money in the stock market, I'd have far more money. Heck - I had fun while it lasted and do, from time to time, like to look at the few coins I've kept. As for everything else I owned, I sold it all and dumped the proceeds into my Roth IRA - which has grown significantly more in the past 5 years than all my coins combined over the past 30.
@THOMMGB
@THOMMGB 3 ай бұрын
Having a Roth IRA with the right stocks and kept for many years can easily fund your retirement. That’s what I did.
@beethao9380
@beethao9380 2 ай бұрын
yep. only rare coins can give someone a fortune. the recent ones are mass produced to sell to suckers and make it an expensive hobby.
@kennethnovak9102
@kennethnovak9102 4 ай бұрын
When you talk about fake gold coins, are they real tender that's just electroplated with gold? If so can you still use them as a regular coin? I have a friend whos brother passed away & left him with thousands of "collectable" coins. He has no clue what is real, or what is fake, what do you suggest he should do to find that out?
@GTO90s
@GTO90s 4 күн бұрын
There is no available AU coins in our America's economy due to the dye coins whatever it look like a real to us, but the silver is only the answers that's it.
@Anonymouslives
@Anonymouslives Жыл бұрын
That’s crazy! I collect sports cards and they do the same thing with PSA slabs even getting a number that shows the correct card. PSA even gets fooled sometimes and grades fakes as authentic cards or cards with a signature of the player. Difficult to trust anyone with all of the tech out there to do these things
@hdj81Vlimited
@hdj81Vlimited Жыл бұрын
stop collecting them, it has no value. FOOD water and guns
@fmlymn1
@fmlymn1 Жыл бұрын
My solution to this is to not buy coins in those NGC cases, if I was to have similar fakes; I would use them as decoys
@SilverDragons47
@SilverDragons47 Жыл бұрын
yeah decoys are a good idea just don’t accidentally mix them in with your real bullion haha
@ChrisScottWulf
@ChrisScottWulf 11 ай бұрын
This is how i buy gold and silver coins: 1) I do my due diligence 2) "When in doubt i throw it out" and do not buy it. I had to let go some wonderful gold coins in the past because something was seriously off about it. ( will tell you down below what i got confronted with) 3) with these "grading firms" there are bound to get fakes in. I mean people make certificates of anything to make a quick buck, dollar, yuan, euro or pound. As such, i look at what the official grades actually look like and what to pay attention to ( no matter if you are at a flea market, coin shop, coin convention or numismatic meeting, though numismatic meetings have no counterfeits unless some member brings one with him/her to have the team look at it). I have a small booklet with me where i have written down the things to look out for. Now for some of my experiences. I was in a coinshop near Frankfurt. There were some "graded coins" there just like those featured in your video. However when i ran over a mini magnet the "gold coin" stuck to the plastic. I wisely backed out of that shop. When i was visiting a NY jewellery longtime friend ( known each other since kindergarten and are like brothers from another mother). He bought a gold bar in good faith from a dealer that came recommended. Everything checked out, even the weight was nearly almost perfect. Turned out they holed out the gold bar, filled it with tungsten and then resealed it. ALL the security marks were present. Oh that "recommended dealer" was in legal hot water. My friend now uses highly technical equipment to check the bars validity and does not go on "good faith" anymore. He took a good financial hit with that bogus bar. What i do not agree with is coinshops confiscating supposed "counterfeits". it is a "guilty until proven innocent" road and i am not a fan of that. Like many down below commented: " a less reputable coin shop can confiscate real deal gold coins and claim that "they fake bro". Just say "no we do not buy those because we suspect they are fake" and then explain why you think they are fake. Just a heads up, a numismatic member of our group, been in the business of coin collecting and is one of the most careful and cautious buyers i have ever met, got bamboozled with these grades as well. With him everything was "authentic". Just like with this, the number and barcode matched, the holographic mark was there ( the actual one) and there was a special seal that, so far he could see was not broken. Still it was a fake coin. Thanks for putting these videos out. Novices that want to collect coins as well as more experienced people need these kinds of videos to know what to look out for.
@chrissahar2014
@chrissahar2014 Жыл бұрын
You can get silver coins that are authentic from ebay BUT usually from dealers selling mint sets or a silver coin in the original government packaging and looks very much untampered. I generally do not get bullion coins (maybe once a year) and avoid anything that has substantial numismatic worth. For those I go to a brick and mortar dealer to see the object in person. A reputable dealer will hold a coin for your if you want to double check the dealer's track record and the coin. If a dealer is pressuring to buy something immediately that to me is a red flag to run far away!
@JOSEPH-qo7fr
@JOSEPH-qo7fr Жыл бұрын
Wow !!!! NGC. THIS IS SCARY!!
@SilverDragons47
@SilverDragons47 Жыл бұрын
I know so crazy to see! 🔥🐉
@goldsilverstackers1
@goldsilverstackers1 11 ай бұрын
I have seen a lot of counterfeit slabbed coins lately in my area as well. It's very concerning
@RobertLee-wi5kc
@RobertLee-wi5kc 9 ай бұрын
Great content. Did the customer mention where he got the fakes? Or what he paid for them? Guessing it was a GREAT DEAL:(
@dennissvitak148
@dennissvitak148 Жыл бұрын
West Germany, 1971. My dad and I (I was 15) were in a junk store, and saw a $5 US gold coin. They only wanted $30 for it. HELL YES!!! I grabbed it, immediately. The mistake the owner made? He brought out a SECOND $5 gold coin, identical year and mint mark. Umm....NO.
@bashclassof04
@bashclassof04 2 ай бұрын
having pre 1933 gold in quantity in Europe at that time wasn't uncommon. so it's very possible to be real
@robbrowning5640
@robbrowning5640 Жыл бұрын
This causes ALOT of distrust in the bullion community its insane how good the fakes have gotten lately!
@SilverDragons47
@SilverDragons47 Жыл бұрын
yes it is crazy to see fake gold coins in slabs! 🔥🐉
@citizengkar7824
@citizengkar7824 Жыл бұрын
That's because they are, "from...China." Spoken with a Trump accent.
@rightsdontcomewithpermits7073
@rightsdontcomewithpermits7073 Жыл бұрын
Just look at usd it's all fake and people just don't care.😂
@richmendelson8194
@richmendelson8194 Жыл бұрын
@@citizengkar7824 Chy-nuh
@hdj81Vlimited
@hdj81Vlimited Жыл бұрын
@@citizengkar7824 Biden brings them in.
@gregmerten9529
@gregmerten9529 7 ай бұрын
Interesting video. You speak about testing the coins ourselves. What is the best method to test gold and silver?
@ibberman
@ibberman 2 ай бұрын
Yep, no answer.
@nothingleft3473
@nothingleft3473 2 ай бұрын
6:10 He looks a lot like Robin Williams and has that same calming and friendly demeanor that Robin had.
@Techman988
@Techman988 Жыл бұрын
Great way to verify pieces is buy at least 1 genuine gov mint piece from each major mint. That way you at least have 1 to reference off of. Gold is a little trickier since its a little more pricy to obtain but you get the gist.
@bobsacamano7653
@bobsacamano7653 11 ай бұрын
How do you test a coin in a holder without breaking the holder?
@rainymctrixie1
@rainymctrixie1 Жыл бұрын
What is the name of this coin shop and where is it located.
@lewis7315
@lewis7315 Жыл бұрын
there is one story out there where a shop owner bought gold coins from a local dealer for years only to find out after he retired that all of his retiremen money in coins were fake...
@theceltbeserk1
@theceltbeserk1 Жыл бұрын
I have run all my NGC graded coins through their site, but sort of feel I need to take a second look at everything I have. Should there always be a picture? I'm pretty sure I have some that were registered but there was no photo. I cant say that all my earliest purchases were from legitimate shops or dealers. And I did get some fake Silver Eagles, but I was highly suspect at the time of purchase, but wanted to get one in my hand to test myself. They were bad knock offs. The diameter and thickness were noticeably off when placed on a true Eagle. The font was easily spotted as different as well as sloppy. They did pass magnet test and weight, but failed ping test. They came sealed in round capsules. like glue sealed.
@TheRussianGenius
@TheRussianGenius 2 ай бұрын
5:05 in the hopes rhay previous coin inspector did an error maybe, but damn brutal with the fakes
@ErrorAcquired
@ErrorAcquired Жыл бұрын
Great video. Loved it
@yourshootingbuddy
@yourshootingbuddy Жыл бұрын
To me this is scary. If I were buying a stabbed coin I would never feel like I should try to take the holder apart. Also, I think its harder to examine the coin when its in a holder like that. I only buy from the known online dealers and not people with a table at the gun show or whatever. Thanks for the video SD.
@user-eo7cf2cd7k
@user-eo7cf2cd7k Жыл бұрын
I thought people collected counterfeit currency as long as it was stamped counterfeit. But I guess it is illegal. I thought I had seen some U.S. counterfeit notes for sale at a coin shop a couple decades ago in L.A., but can't remember. Collecting fake money would be an interesting area of collection.
@FrankBoston
@FrankBoston Жыл бұрын
You can order any of these fakes from a Chinese super store. Fake $100's as well as all of these fake coins, and even fake Credit Suisse gold bars. They're a couple bucks. The better fakes are a bit tougher to find and cost a little more, but the crooks trying to pass these are NOT losing money. We're talking a few bucks for a couple grand.
@PHUCKyoutube689
@PHUCKyoutube689 Жыл бұрын
The law states possession with intent. Meaning mearly possessing it isn't a crime on it's own, like using them as decoy, if you are trying to spend it or sell it, knowing it was fake, you would be committing a crime. It's a hard crime to prosecute.
@heidigib01
@heidigib01 Жыл бұрын
Oh dear lord I hope the big online shops check this!
@CSAN
@CSAN Жыл бұрын
Good info to share 👊
@SilverDragons47
@SilverDragons47 Жыл бұрын
thanks for watching CSAN 🤓🔥🐉
@robertbolino9052
@robertbolino9052 2 ай бұрын
What makes them look like the real thing? How would you catch Orichalcum ? Is there a hand held tester for %?
@WholeCosmos
@WholeCosmos 9 ай бұрын
how did they test them?
@Ali-Muscle
@Ali-Muscle Жыл бұрын
Who are the top three- five best online dealers to buy from ?
@williamshanaman5098
@williamshanaman5098 11 ай бұрын
This is why you don’t buy gold or silver from ads on TV
@PonziZombieKiller
@PonziZombieKiller Жыл бұрын
Thanks for sharing ✌️
@whatroads4x4
@whatroads4x4 Ай бұрын
Is there a way to test the coins to swe if they are fake
@alanhartoonian2275
@alanhartoonian2275 24 күн бұрын
Great video thanks 🎉
@harrygreen1406
@harrygreen1406 11 ай бұрын
Thanks guys class act right here.
@blabla9845
@blabla9845 11 ай бұрын
Does the bar code on the holder mean anything?
@aleski4090
@aleski4090 Жыл бұрын
Found one of your 2020 hand poured 10oz bars at the LCS here in Sacramento region. Snapped that right up. Just Keep Stacking
@CKILBY-zu7fq
@CKILBY-zu7fq Жыл бұрын
Yeah but you haven't replied to my question which you brought up, when did the Ridge Security mark start?, what year coins are these marks on? Are they on older coins also or just these new ones.
@kennethcurrier917
@kennethcurrier917 Жыл бұрын
What does sonically sealed actually mean?
@emperorwang0861
@emperorwang0861 6 ай бұрын
Harry: "it's bad etiquette." Reality: it's fraudulent behavior. Harry is such a nice guy.
@DopecatSpotted
@DopecatSpotted Жыл бұрын
That really sucks, makes buying anything from anywhere just that much more risky. Dammit
@jimburke8325
@jimburke8325 Жыл бұрын
Newbie asking: When you sell coins or rounds to a dealer do they have to be out of the plastic capsules or do they buy them in the capsule?
@WorldMoneyWins
@WorldMoneyWins Жыл бұрын
Either way. They can verify them even inside a capsule. I would recommend taking them in to the dealer as you have them. :-)
@SilverDragons47
@SilverDragons47 Жыл бұрын
usually they keep everything in the capsule 🔥🐉
@jimburke8325
@jimburke8325 Жыл бұрын
Thank you
@sixfigureskibum
@sixfigureskibum Жыл бұрын
Scammers make starting up in the minting / pouring space extreamly difficult
@jamesjoy8866
@jamesjoy8866 2 ай бұрын
I bought a silver eagle that I was almost sure was fake. I took it to the dealer I buy silver from. The sales lady told me it was fake without even touching it. The owner told me it is a crime to possess counterfeit coins. He said get it marked with the word copy to be legal. I had an engraving store add Copy so I could keep it. When I reported the issue to Etsy they refunded my purchase price.
@Mario-pz8gh
@Mario-pz8gh Жыл бұрын
Is there a way to test slabbed gold or silver coins? Are the holders not to thick ?
@PinballBob1
@PinballBob1 9 ай бұрын
One simple way is through experience. Old gold coins have a certain luster, or cartwheel effect, & color that cannot be faked. An 1800's gold coin does not look very bright yellow. Using your eyes on legit coins will give you a good clue as to what looks "right". Experience is what you need badly, right before you get some.
@CatsMeowPaw
@CatsMeowPaw 2 ай бұрын
The confiscation issue is a problem. On the one hand these are still legal tender and should be taken out of circulation as quickly as possible, but on the other it would be easy for an unscrupulous dealer to say 'aww, this gold is fake' and confiscate a genuine coin. I think informing a customer that they're fake and letting them take the coins back is the best bet. What the customer chooses to do with them is then on them.
@user-eo7cf2cd7k
@user-eo7cf2cd7k Жыл бұрын
Goldback should come out with a mining scene vignette on their aurum notes. Something like they used on old mining stock certificates. Also, a good American Indian scene would be good, with feather headdress / war bonnets. The notes don't have to be sponsored by states, just have them issued just by Goldback. States do not matter except to collectors. They are all fungible in you are not a collector. And once you start paying super high collector $$ it loses it value as a barter item in SHTF. That does not mean you will lose a Goldbacks premium, it means people are not interested if the premium is stupendous unless they are paying the collector value.
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